§ 999.
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/vt/title-32/chapter-13/999A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 999. Interest remittance and payments
The State Treasurer may remit to the U.S. Treasury Department or any other agency of the United States funds earned on investments as necessary in order to maintain the noninclusion of interest on the General Fund obligations and the Transportation Fund obligations authorized by the General Assembly in the gross income of recipients thereof. Such remittances may be made from funds appropriated for debt service interest. If those appropriations become insufficient to meet interest and other related payments, subject to the approval of the Emergency Board, there is appropriated such amounts as may be necessary to eliminate the insufficiency in the State appropriations for interest.
(Added 1995, No. 178 (Adj. Sess.), § 267.)